Rescue Package For First Republic

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State:
Multi-State
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US-ADOP-PKG
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Description

This information package contains summaries of state laws and links to resources to assist a prospective parent with an adoption. Purchase of this package is a savings of more than 50% over purchase of the informational documents individually!



This package contains the following information:



Who May Adopt, Be Adopted, or Place a Child for Adoption? - This briefing reviews state laws regarding parties to an adoption. General information dealing with who may adopt, who may be adopted, and who may place a child for adoption is identified. In order for an adoption to take place, a person available to be adopted must be placed in the home of a person or persons eligible to adopt. All states, the District of Columbia, American Samoa, Guam, Puerto Rico, the Northern Mariana Islands, and the Virgin Islands have laws that specify which persons are eligible as adopting parents and which persons can be adopted.



Standby Guardianship - This fact sheet defines the provisions of most standby guardian laws. Additionally, it broadly defines: how to establish a standby guardian, who can nominate a standby guardian, how the guardian s authority is activated, the involvement of the non-custodial parent, the relationship between authority of the parent and the standby, and withdrawing guardianship.



Placement of Children With Relatives - This publication summarizes state laws and statutes regarding placement of children with relatives when they are removed from their home and enter foster care. In order for states to receive federal payments for foster care and adoption assistance, federal law requires that they "consider giving preference to an adult relative over a nonrelated caregiver when determining placement for a child, provided that the relative caregiver meets all relevant state child protection standards." Most states give preference or priority to relative placements in their statutes. This publication discusses definitions of "relative," financial support for relative placement, and adoption by relatives.



Court Jurisdiction and Venue for Adoption Petitions - This informational guide provides the laws that specify the appropriate state courts, by type and location, for handling adoption petitions.



Consent to Adoption - This informational guide reviews state laws that specify the persons who must consent to a child's adoption, time frames for consent, and guidelines for revocation of consent.



The Rights of Presumed (Putative) Fathers - This publication discusses the rights of the alleged fathers of children born out-of-wedlock and whether states have registries for such fathers.



Online Resources for State Child Welfare Law and Policy - This guide provides links to websites where state statutes and regulations can be accessed and lists the parts of each state and territory's code that contain laws addressing child protection, child welfare, and adoption.



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FAQ

FRC trading has been suspended since April 28, 2023. Following the bank's credit rating downgrade on March 19, coupled with the broader anxiety permeating the banking sector, the bank's customers started withdrawing money en masse.

The various announcements have not mentioned the stock, but in cases of FDIC receivership the shareholders typically get zilch. FRC stock tanked 39% on the news to $2.14 a share in Monday's premarket, and the shares will likely only go lower in this week's regular sessions.

JPMorgan Chase, Bank of America, Citigroup and Wells Fargo have agreed to each put $5 billion in uninsured deposits into First Republic. Meanwhile Morgan Stanley and Goldman Sachs would deposit $2.5 billion each into the bank.

March 16 (Reuters) - Large U.S. banks injected $30 billion in deposits into First Republic Bank (FRC. N) on Thursday, swooping in to rescue the lender caught up in a widening crisis triggered by the collapse of two other mid-size U.S. lenders over the past week.

First Republic's failure was due to a run on deposits following the collapses of Silicon Valley Bank and Signature Bank. JPMorgan Chase acquired First Republic Bank on . If you had insured or uninsured money in First Republic accounts, your funds are safe and now managed by JPMorgan Chase.

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Rescue Package For First Republic